Cleveland, The Medical Capital

700+

Biotech, HIT, and Medical Device Businesses

Cleveland’s biomedical industry has grown from 300 companies in 2002 to more than 700 companies today. Imaging, orthopedics, neurostimulation, cardiovascular, biomaterials, health IT, biosensors, and regenerative medicine have attracted the attention of investors and key opinion leaders.

23,000

Healthcare and Bioscience Degrees

Northeast Ohio is home to 25 universities that offer graduate and undergraduate programs, as well as certificates and diplomas, serving the region’s healthcare, health IT and bioscience industry. Since 2006, these institutions have graduated more than 23,000 bioscience workers.

$2.3 billion

Invested in 400 Bioscience and Health IT Start-Ups

Since 2005, early-stage bioscience and health IT companies have raised over $2.3 billion, and the innovation and economy continues to grow.

59%

Bioscience Industry Grew 59%

Cleveland’s biomedical industry, a $5.6 billion sector, grew 59% from 2000-2016.

36

Area Bioscience Investors

123

International and National Investors in Cleveland Biomedical Companies

68

Exits

The Medical Capital

Cleveland, The Medical Capital, is home to internationally renowned clinical, educational, and research institutions, supportive philanthropies, government and economic development engines, funding, talent, strong biomedical innovation and an abundant workforce. Learn more at TheMedicalCapital.com.